CED contribution enables Québec business to invest to market its product in order to remain competitive and to propel its international growth plan forward.
Today, Steeve Lavoie, Member of Parliament for Beauport-Limoilou, is announcing, on behalf of the Honourable Mélanie Joly, Minister of Industry and Minister responsible for CED, a repayable contribution of $400,000 for Medscint. Thanks to CED's investment, this manufacturing business, which specializes in medical devices for radiation therapy, will be able to develop an optimized marketing strategy and adapt its products to the needs of new target markets.
This investment is part of our plan to strengthen the resilience and competitiveness of the manufacturing industry, in addition to supporting the growth of homegrown businesses so they can better integrate into Canadian value chains.
Across Quebec, manufacturers play a key role in regional economic vitality. They innovate, produce, export and help build a stronger, more unified Canadian economy. By leveraging manufacturing businesses in our regions, the Government of Canada is investing in the country's pride, sustainability and economic sovereignty. Products made here at home, by Canadian entrepreneurs, are finding their place in our supply chains and in the daily lives of Canadian consumers.
Quotes
"Homegrown businesses are at the heart of our economy. By supporting Medscint, we are investing in productivity, innovation and competitiveness among Quebec's SMEs. This is also a concrete way to leverage our very own talent and know-how, key strengths to build a stronger, more resilient and proudly Canadian economy."
The Honourable Mélanie Joly, Member of Parliament for Ahuntsic-Cartierville, Minister of Industry and Minister responsible for CED
"SMEs play a central role in community development and are part of our government's economic growth plan. By working with them, we are taking concrete steps to help strengthen their operations and their contribution to the regional economy. That is why I am delighted with the funding CED has granted to Medscint's project, which will undeniably contribute to Québec's economic vitality. Without a doubt, the success of this promising project will generate positive impacts across the region and throughout Quebec and Canada."
Steeve Lavoie, Member of Parliament for Beauport-Limoilou
"CED's contribution represents strategic support to accelerate our mission: To make radiation therapy safer and more precise thanks to our optical dosimetry technology. This funding gives us the means to aim higher, by propelling our growth forward internationally and by showcasing Canadian innovation in the field of medical physics."
François Therriault-Proulx, PhD. - Medical Physicist, CEO and Co-founder, Medscint
Quick facts
- Funding has been granted under CED's Regional Economic Growth through Innovation program. This program targets entrepreneurs leveraging innovation to grow their businesses and enhance their competitiveness, as well as regional economic stakeholders helping to create an entrepreneurial environment conducive to innovation and growth for all, across all regions.
- A pillar of the Quebec economy, the manufacturing sector in 2024 represented 12.3% of the province's GDP and 86.1% of its exports. It included 13,601 businesses, generated global sales of $219.1 billion and employed 501,500 people across the province. (Source: Manufacturiers et Exportateurs du Québec, 2024)
- CED is the key federal partner in Quebec's regional economic development. With its 12 regional business offices, CED accompanies businesses, supporting organizations and all regions across Quebec into tomorrow's economy.
